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Power Mech Projects shines on bagging orders worth Rs 2,192.41 crore

29 Dec 2023 Evaluate

Power Mech Projects is currently trading at Rs. 4301.15, up by 156.55 points or 3.78% from its previous closing of Rs. 4144.60 on the BSE.

The scrip opened at Rs. 4193.40 and has touched a high and low of Rs. 4457.20 and Rs. 4141.35 respectively. So far 11044 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5062.25 on 31-Jul-2023 and a 52 week low of Rs. 1571.20 on 03-Feb-2023.

Last one week high and low of the scrip stood at Rs. 4457.20 and Rs. 4072.65 respectively. The current market cap of the company is Rs. 6793.55 crore.

The promoters holding in the company stood at 64.05%,while Institutions and Non-Institutions held 18.69% and 17.26% respectively.

Power Mech Projects has received orders worth Rs 2,192.41 crore. The first order is for Revival & Operations and Maintenance (O&M) services at coal fired power plant consisting of 2x150 MW (Phase-1) and 2x350 MW (Phase-2) Sub-Critical Units located at village-Thamminapatnam, DistrictTirupati, Andhra Pradesh from Meenakshi Energy for Rs 674.81 crore.

The second order is for Mining of river bed mineral (RBM) located in river bed of Dehradun, Haridwar, Udham singh Nagar and Nainital Districts for Rs 1,517.60 crore. This Contract would be executed through special purpose vehicle to be incorporated for the same.

Power Mech Projects is an integrated power infrastructure services company. The Company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.


Power Mech Projects Share Price

2306.35 91.65 (4.14%)
15-Apr-2026 16:59 View Price Chart
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